TY 2021 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Trust Treated as Private Foundation

Do not enter social security numbers on this form as it may be made public.
bullet

Go to www.irs.gov/Form990PF for instructions and the latest information.

OMB No. 1545-0047

2021

Open to Public Inspection

For calendar year 2021, or tax year beginning 01-01-2021 , and ending 12-31-2021

Name of foundation
WENDY P MCCAW FOUNDATION THE GOLDMAN SACHS

Number and street (or P.O. box number if mail is not delivered to street address)200 BELLEVUE PARKWAY SUITE 250
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
WILMINGTON, DE198093747

A Employer identification number

77-0469217

B Telephone number (see instructions)

(805) 965-8080

C If exemption application is pending, check here bullet

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address change Name change

D 1. Foreign organizations, check here............. bullet

2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet

E If private foundation status was terminated
under section 507(b)(1)(A), check here ....... bullet

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trust Other taxable private foundation

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here ....... bullet

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) bullet

$38,904,350J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).)	(a) Revenue and expenses per books		(b) Net investment income	(c) Adjusted net income	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check .............
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities...	759,771		759,771
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		1,778,532
b	Gross sales price for all assets on line 6a 10,083,464
7	Capital gain net income (from Part IV, line 2)...			1,778,532
8	Net short-term capital gain.........				0
9	Income modifications...........
10a	Gross sales less returns and allowances
b	Less: Cost of goods sold....
c	Gross profit or (loss) (attach schedule).....
11	Other income (attach schedule).......		29,546
12	Total. Add lines 1 through 11........	2,567,849		2,538,303
13	Compensation of officers, directors, trustees, etc.
14	Other employee salaries and wages......			0	0	0
15	Pension plans, employee benefits.......			0	0
16a	Legal fees (attach schedule).........					0
b	Accounting fees (attach schedule).......		3,600	1,200	0	1,200
c	Other professional fees (attach schedule)....		356,239	241,918		114,321
17	Interest...............					0
18	Taxes (attach schedule) (see instructions)...		21,744	1,744		0
19	Depreciation (attach schedule) and depletion...		0	0
20	Occupancy..............
21	Travel, conferences, and meetings.......			0	0
22	Printing and publications..........			0	0
23	Other expenses (attach schedule).......		2,150			2,150
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	383,733		244,862	0	117,671
25	Contributions, gifts, grants paid.......	2,125,000				2,125,000
26	Total expenses and disbursements. Add lines 24 and 25	2,508,733		244,862	0	2,242,671
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	59,116
b	Net investment income (if negative, enter -0-)			2,293,441
c	Adjusted net income (if negative, enter -0-)...				0

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 11289X Form 990-PF (2021)

Form 990-PF (2021)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............	333,620	105,235	105,235
	2	Savings and temporary cash investments.........	1,377,920	1,014,222	1,014,222
	3	Accounts receivable
		Less: allowance for doubtful accounts		0	0
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts 0
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)
	b	Investments—corporate stock (attach schedule).......	13,020,365	14,638,524	22,584,831
	c	Investments—corporate bonds (attach schedule).......	16,278,129	14,744,363	15,200,062
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........			0
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	31,010,034	30,502,344	38,904,350
	17	Accounts payable and accrued expenses..........
	18	Grants payable.................
	19	Deferred revenue.................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )	525,000
	23	Total liabilities (add lines 17 through 22).........	525,000	0
		Foundations that follow FASB ASC 958, check here
		and complete lines 24, 25, 29 and 30.
	24	Net assets without donor restrictions...........	30,485,034	30,502,344
	25	Net assets with donor restrictions............
		Foundations that do not follow FASB ASC 958, check here
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........
	27	Paid-in or capital surplus, or land, bldg., and equipment fund
	28	Retained earnings, accumulated income, endowment, or other funds
	29	Total net assets or fund balances (see instructions).....	30,485,034	30,502,344
	30	Total liabilities and net assets/fund balances (see instructions).	31,010,034	30,502,344

Part III

Analysis of Changes in Net Assets or Fund Balances

Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............

30,485,034

Enter amount from Part I, line 27a .....................

59,116

Other increases not included in line 2 (itemize) bullet

Add lines 1, 2, and 3 ..........................

30,544,150

Decreases not included in line 2 (itemize) bullet

41,806

Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .

30,502,344

Form 990-PF (2021)

Page 3

Part IV

Capital Gains and Losses for Tax on Investment Income

(a) List and describe the kind(s) of property sold (e.g., real estate, 2-story brick warehouse; or common stock, 200 shs. MLC Co.)		(b) How acquired P—Purchase D—Donation	(c) Date acquired (mo., day, yr.)	(d) Date sold (mo., day, yr.)
1 a	2. GOLDMAN SACHS & CO			2021-12-31
b	1. GOLDMAN SACHS & CO		2020-01-01	2021-12-31
c	CAPITAL GAIN DIVIDENDS	P
d	CAPITAL GAIN DIVIDENDS	P
e

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	1,772,166	1,319,921	452,245
b	8,311,261	6,985,011	1,326,250
c			37
d			37
e

Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69			(l) Gains (Col. (h) gain minus col. (k), but not less than -0-) or Losses (from col.(h))
(i) F.M.V. as of 12/31/69	(j) Adjusted basis as of 12/31/69	(k) Excess of col. (i) over col. (j), if any
a			452,245
b			1,326,250
c
d
e

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	1,778,532
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0- in Part I, line 8 ...................		3

Form 990-PF (2021)

Page 4

Part V

Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)

1a	Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2	Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	2	0
3	Add lines 1 and 2...........................	3	31,879
4	Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	4	0
5	Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- .....	5	31,879
6	Credits/Payments:

a	2021 estimated tax payments and 2020 overpayment credited to 2021	6a	25,000
b	Exempt foreign organizations—tax withheld at source......	6b	0
c	Tax paid with application for extension of time to file (Form 8868)...	6c	20,000
d	Backup withholding erroneously withheld ...........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	45,000
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8	0
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	13,121
11	Enter the amount of line 10 to be: Credited to 2022 estimated tax13,121	Refunded	11	0

Part VI-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions

for the definition.................................

If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials

published or distributed by the foundation in connection with the activities.

Did the foundation file Form 1120-POL for this year?.....................

Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:

(1) On the foundation. bullet

$ (2) On foundation managers. bullet

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. bullet

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If "Yes," attach a detailed description of the activities.

Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles

of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....

Did the foundation have unrelated business gross income of $1,000 or more during the year?.........

If "Yes," has it filed a tax return on Form 990-T for this year?...................

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If "Yes," attach the statement required by General Instruction T.

Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:

By language in the governing instrument, or

By state legislation that effectively amends the governing instrument so that no mandatory directions

that conflict with the state law remain in the governing instrument?................

Yes

Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),

and Part XIV..................................

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney

General (or designate) of each state as required by General Instruction G? If "No," attach explanation .

Yes

Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)

or 4942(j)(5) for calendar year 2021 or the taxable year beginning in 2021? See the instructions for Part XIII.

If "Yes," complete Part XIII .............................

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names

and addresses. ...............................

Form 990-PF (2021)

Page 5

Part VI-A

Statements Regarding Activities (continued)

At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the

meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............

Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had

advisory privileges? If "Yes," attach statement. See instructions.................

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address bullet

The books are in care of bullet

WENDY MCCAW Telephone no. bullet

(805) 965-8080

Located at bullet

PO BOX 22458SANTA BARBARACA ZIP+4 bullet

93102

Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here ......... bullet

and enter the amount of tax-exempt interest received or accrued during the year ........ bullet

16 At any time during calendar year 2021, did the foundation have an interest in or a signature or other authority over YesNo

a bank, securities, or other financial account in a foreign country? .................

16 No

See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country bullet

Part VI-B

Statements Regarding Activities for Which Form 4720 May Be Required

File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.

Yes

During the year did the foundation (either directly or indirectly):

(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........

1a(1)

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person? ..............................

1a(2)

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........

1a(3)

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............

1a(4)

(5) Transfer any income or assets to a disqualified person (or make any of either available

for the benefit or use of a disqualified person)? ......................

1a(5)

(6) Agree to pay money or property to a government official? (Exception. Check "No"

if the foundation agreed to make a grant to or to employ the official for a period

after termination of government service, if terminating within 90 days.) ...............

1a(6)

If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations

section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........

Organizations relying on a current notice regarding disaster assistance check here........ bullet

Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,

that were not corrected before the first day of the tax year beginning in 2021? .............

Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private

operating foundation defined in section 4942(j)(3) or 4942(j)(5)):

At the end of tax year 2021, did the foundation have any undistributed income (lines 6d

and 6e, Part XII) for tax year(s) beginning before 2021?....................

If "Yes," list the years bullet

20, 20, 20, 20

Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)

(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)

to all years listed, answer "No" and attach statement—see instructions.) ..............

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year? ..............................

If "Yes," did it have excess business holdings in 2021 as a result of (1) any purchase by the foundation

or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved

by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)

the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine

if the foundation had excess business holdings in 2021.) .....................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its

charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2021? ..

Form 990-PF (2021)

Page 6

Part VI-B

Statements Regarding Activities for Which Form 4720 May Be Required (continued)

During the year did the foundation pay or incur any amount to:

Yes

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........

5a(1)

(2) Influence the outcome of any specific public election (see section 4955); or to carry

on, directly or indirectly, any voter registration drive? ....................

5a(2)

(3) Provide a grant to an individual for travel, study, or other similar purposes? .............

5a(3)

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 4945(d)(4)(A)? See instructions ........................

5a(4)

(5) Provide for any purpose other than religious, charitable, scientific, literary, or

educational purposes, or for the prevention of cruelty to children or animals? .............

5a(5)

If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in

Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........

Organizations relying on a current notice regarding disaster assistance check here ......... bullet

If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the

tax because it maintained expenditure responsibility for the grant? .................

If "Yes," attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract? .............................

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?

If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....

Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or

excess parachute payment during the year? .........................

Part VII

Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors

1 List all officers, directors, trustees, foundation managers and their compensation. See instructions

(a) Name and address	(b) Title, and average hours per week devoted to position	(c) Compensation (If not paid, enter -0-)	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
WENDY MCCAW	PRESIDENT 6	0
PO BOX 22458 SANTA BARBARA,CA93102	PRESIDENT 6	0

2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."


(a) Name and address of each employee paid more than $50,000	(b) Title, and average hours per week devoted to position	(c) Compensation	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
NONE









Total number of other employees paid over $50,000...................				0

Form 990-PF (2021)

Page 7

Part VII

Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)

3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000	(b) Type of service	(c) Compensation
NONE

Total number of others receiving over $50,000 for professional services............. bullet

Part VIII-A

Summary of Direct Charitable Activities

List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc.	Expenses
1


2


3


4

Part VIII-B

Summary of Program-Related Investments (see instructions)

Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2.	Amount
1


2


All other program-related investments. See instructions.
3

Total. Add lines 1 through 3......................... bullet

Form 990-PF (2021)

Page 8

Part IX

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

37,903,612

Average of monthly cash balances.......................

1,616,893

Fair market value of all other assets (see instructions)................

Total (add lines 1a, b, and c).........................

39,520,505

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

39,520,505

Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see

instructions) .............................

592,808

Net value of noncharitable-use assets. Subtract line 4 from line 3. .......

38,927,697

Minimum investment return. Enter 5% (0.05) of line 5................

1,946,385

Part X

Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow

and do not complete this part.)

Minimum investment return from Part IX, line 6..................

1,946,385

Tax on investment income for 2021 from Part V, line 5.......

31,879

Income tax for 2021. (This does not include the tax from Part V.) ...

Add lines 2a and 2b............................

31,879

Distributable amount before adjustments. Subtract line 2c from line 1............

1,914,506

Recoveries of amounts treated as qualifying distributions................

Add lines 3 and 4............................

1,914,506

Deduction from distributable amount (see instructions).................

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...

1,914,506

Part XI

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

Program-related investments—total from Part VIII-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4.

Form 990-PF (2021)

Page 9

Part XII

Undistributed Income (see instructions)

		(a) Corpus	(b) Years prior to 2020	(c) 2020	(d) 2021
1 Distributable amount for 2021 from Part X, line 7					1,914,506
2 Undistributed income, if any, as of the end of 2021:
a Enter amount for 2020 only.......				1,372,966
b Total for prior years:20, 20, 20			0
3 Excess distributions carryover, if any, to 2021:
a From 2016......	0
b From 2017......	0
c From 2018......	0
d From 2019......	0
e From 2020......	0
f Total of lines 3a through e ........		0
4Qualifying distributions for 2021 from Part
XI, line 4: $ 2,242,671
a Applied to 2020, but not more than line 2a				1,372,966
b Applied to undistributed income of prior years (Election required—see instructions).....			0
c Treated as distributions out of corpus (Election required—see instructions)........		0
d Applied to 2021 distributable amount.....					869,705
e Remaining amount distributed out of corpus		0
5 Excess distributions carryover applied to 2021.		0			0
(If an amount appears in column (d), the same amount must be shown in column (a).)
6Enter the net total of each column as indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5		0
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........			0
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......			0
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........			0
e Undistributed income for 2019. Subtract line 4a from line 2a. Taxable amount—see instructions .............				0
f Undistributed income for 2021. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2022 ..........					1,044,801
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......		0
8 Excess distributions carryover from 2016 not applied on line 5 or line 7 (see instructions) ...		0
9 Excess distributions carryover to 2022. Subtract lines 7 and 8 from line 6a ......		0
10 Analysis of line 9:
a Excess from 2017....	0
b Excess from 2018....	0
c Excess from 2019....	0
d Excess from 2020....	0
e Excess from 2021....	0

Form 990-PF (2021)

Page 10

Part XIII

Private Operating Foundations (see instructions and Part VI-A, question 9)

1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2021, enter the date of the ruling ....... bullet

b Check box to indicate whether the organization is a private operating foundation described in section 4942(j)(3) or4942(j)(5)

2a Enter the lesser of the adjusted net income from Part I or the minimum investment return from Part X for each year listed ..........	Tax year	Prior 3 years			(e) Total
	(a) 2021	(b) 2020	(c) 2019	(d) 2018	(e) Total

b 85% (0.85) of line 2a .........
c Qualifying distributions from Part XI, line 4 for each year listed .....
d Amounts included in line 2c not used directly for active conduct of exempt activities ..........
e Qualifying distributions made directly for active conduct of exempt activities. Subtract line 2d from line 2c ....
3 Complete 3a, b, or c for the alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......
(2) Value of assets qualifying under section 4942(j)(3)(B)(i)
b “Endowment" alternative test— enter 2/3 of minimum investment return shown in Part IX, line 6 for each year listed ..
c “Support" alternative test—enter:
(1) Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) ....
(2) Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)....
(3) Largest amount of support from an exempt organization
(4) Gross investment income

Part XIV

Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)

1Information Regarding Foundation Managers:

aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)

bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.

2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:

Check here bullet

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions

aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:

WENDY P MCCAW
PO BOX 22458
SANTA BARBARA,CA93102
(805) 965-8080

bThe form in which applications should be submitted and information and materials they should include:

GRANT APPLICATIONS SHOULD INCLUDE THE ORGANIZATION'S MISSION STATEMENT, A COPY OF THE LETTER GRANTING 501(C)(3) STATUS, BASIC FINANCIAL STATEMENTS AND A COPY OF THE LAST FILED FEDERAL TAX RETURN.

cAny submission deadlines:

REQUESTS ARE GENERALLY REQUIRED BY OCTOBER 31.

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

AWARDS ARE RESTRICTED TO THE USE SET FORTH IN THE GRANT REQUEST. IN THE EVENT THAT THE GRANT CANNOT BE USED FOR THE EXPECTED PURPOSE, THE GRANT MUST BE RETURNED.

Form 990-PF (2021)

Page 11

Part XIV

Supplementary Information (continued)

3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient	If recipient is an individual, show any relationship to any foundation manager or substantial contributor	Foundation status of recipient	Purpose of grant or contribution	Amount
Name and address (home or business)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
WILDCARE EASTERN SIERRA PO BOX 368 BISHOP,CA95515	NONE	PC	PROGRAM SUPPORT	25,000
THE WHALE SANCTUARY PROJECT 4100 KANAB CANYON ROAD KANAB,UT84741	NONE	PC	PROGRAM SUPPORT	685,000
CENTER FOR A HUMANE ECONOMY PO BOZ 30845 Bethesda,MD20824	NONE	PC	PROGRAM SUPPORT	25,000
WORKING CIRCLE PO BOX 39 Indian Hills,CO80451	NONE	PC	PROGRAM SUPPORT	250,000
RESOCATSINC PO BOX 3852 Santa Barbara,CA93130	NONE	PC	PROGRAM SUPPORT	20,000
LIONS TIGERS AND BEARS 24402 MARTIN WAY Alpine,CA91901	NONE	PC	PROGRAM SUPPORT	25,000
CAT TOWN PO BOX 18675 Oakland,CA94619	NONE	PC	PROGRAM SUPPORT	10,000
TOUCHED BY AN ANIMAL PO BOX 59067 Chicago,IL60659	NONE	PC	PROGRAM SUPPORT	25,000
BEAR LEAGUE PO BOX 393 HOMEWOOD,CA96141	NONE	PC	PROGRAM SUPPORT	25,000
TVSB (AnimalZone) 329 S SALINAS ST SANTA BARBARA,CA93103	NONE	PC	PROGRAM SUPPORT	100,000
PHYSICIANS COMMITTEE FOR RESPONSIBLE MED 5100 WISCONSIN AVE NW STE 400 Washington,DC20016	NONE	PC	PROGRAM SUPPORT	25,000
THE CALIFORNIA WILDLIFE CENTER PO BOX 2022 MALIBU,CA90265	NONE	PC	PROGRAM SUPPORT	10,000
SANTA BARBARA WILDLIFE CARE NETWORK 1460 N FAIRVIEW AVE Goleta,CA93117	NONE	PC	PROGRAM SUPPORT	900,000
Total ................................. 3a				2,125,000

bApproved for future payment

Total ................................. 3b

Form 990-PF (2021)

Page 12

Part XV-A

Analysis of Income-Producing Activities

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514		(e) Related or exempt function income (See instructions.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments ....
3 Interest on savings and temporary cash investments ...........
4 Dividends and interest from securities ....
5 Net rental income or (loss) from real estate:
aDebt-financed property......
bNot debt-financed property.....
6 Net rental income or (loss) from personal property
7 Other investment income .....
8 Gain or (loss) from sales of assets other than inventory ............			18	1,778,532
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: aTAX REFUND			14	31,274
bDEFERRED INCOME			14	-1,728
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..				2,567,849

13Total. Add line 12, columns (b), (d), and (e)..................

2,567,849

(See worksheet in line 13 instructions to verify calculations.)

Part XV-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See instructions.)

Form 990-PF (2021)

Page 13

Part XVI

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?

Yes

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

(a) Line No.	(b) Amount involved	(c) Name of noncharitable exempt organization	(d) Description of transfers, transactions, and sharing arrangements

Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........Yes No

If "Yes," complete the following schedule.

(a) Name of organization	(b) Type of organization	(c) Description of relationship

Sign Here

Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
				May the IRS discuss this return with the preparer shown below? See instructions. Yes No
	Signature of officer or trustee	Date	Title

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.

Form 990-PF (2021)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2021 AccountingFeesSchedule

Name:

WENDY P MCCAW FOUNDATION THE GOLDMAN SACHS

EIN:

77-0469217

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
TAX PREP FEES	3,600	1,200		1,200

- TIN:

TY 2021 InvestmentsCorpBondsSchedule

Name:

WENDY P MCCAW FOUNDATION THE GOLDMAN SACHS

EIN:

77-0469217

Name of Bond	End of Year Book Value	End of Year Fair Market Value
91282CAP6 U.S. TREASURY NOTE 0	219,570	217,826
912828WJ5 U.S. TREASURY NOTE 2	350,629	363,657
912828YB0 U.S. TREASURY NOTE 1	300,383	304,629
912828YG9 U.S. TREASURY NOTE 1	544,801	559,691
037833AK6 APPLE INC. 2.4% 05/0	124,078	127,991
045167DX8 ASIA MTN 2.0% 02/16/	44,745	45,114
045167EJ8 ASIAN DEVELOPMENT BA	272,201	307,643
053015AF0 AUTOMATIC DATA PROCE	134,657	127,194
05348EAV1 AVALONBAY COMMUNITIE	149,156	159,255
05348EAW9 AVALONBAY COMMUNITIE	132,980	143,345
06051GHG7 BANK OF AMERICA CORP	337,000	369,254
06051GGA1 BANK OF AMERICA CORP
22160KAQ8 COSTCO WHOLESALE COR	144,703	141,059
126650CL2 CVS HEALTH CORPORATI	178,578	188,148
25466AAQ4 DISCOVER BANK 2.45%
26444HAC5 DUKE ENERGY FLORIDA,	149,910	159,672
29736RAH3 ESTEE LAUDER CO INC
3133EJCE7 FEDERAL FARM CREDIT
3130AEB25 FEDERAL HOME LOAN BA	357,397	387,125
3130A2VE3 FEDERAL HOME LOAN BA	433,161	458,677
369550AW8 GENERAL DYNAMICS COR	173,803	177,825
4581X0CN6 IADB MTN 1.75% 04/14	200,098	201,042
45866FAD6 INTERCONTINENTAL EXC	99,983	108,123
45950VLH7 INTL FINANCE CORP MT	273,908	278,509
46647PBE5 JPMORGAN CHASE & CO.	20,399	20,569
49326EEG4 KEYCORP MTN 4.1% 04/	267,542	300,428
500769FH2 KFW NEW ISSUE SR LIE	298,927	303,567
539830BH1 LOCKHEED MARTIN CORP	124,035	135,375
548661DM6 LOWE'S COMPANIES, IN	180,045	195,793
594918BY9 MICROSOFT CORPORATIO	149,468	163,562
61746BDZ6 MORGAN STANLEY MTN 3	152,204	162,281
655844CE6 NORFOLK SOUTHERN COR	124,551	128,054
666807BN1 NORTHROP GRUMMAN COR	149,921	160,655
68217FAA0 OMNICOM GROUP INC. 3	126,882	136,227
740189AG0 PRECISION CASTPARTS	150,097	152,220
74432QCG8 PRUDENTIAL FINANCIAL	159,598	160,378
760759AU4 REPUBLIC SERVICES IN	218,337	223,352
84756NAF6 SPECTRA ENERGY PARTN	248,632	265,006
855244AK5 STARBUCKS CORP 2.45%	189,793	195,628
87165BAD5 SYNCHRONY FINANCIAL	74,855	79,449
87236YAD0 TD AMERITRADE HOLDIN
808513AL9 THE CHARLES SCHWAB C	224,227	236,590
912828J27 U.S. TREASURY NOTE 2	387,362	419,296
9128287A2 U.S. TREASURY NOTE 1
9128283F5 U.S. TREASURY NOTE 2	221,657	236,408
9128282N9 U.S. TREASURY NOTE 2	712,696	748,193
904764BK2 UNILEVER CAPITAL COR	194,873	185,100
92343VBJ2 VERIZON COMMUNICATIO
931142DV2 WAL-MART STORES INC
983919AH4 XILINX, INC. 3.0% 03
31420B300 FEDERATED HERMES INS	2,522,824	2,546,578
00914AAJ1 AIR LEASE CORP MTN 2	156,478	154,794
00206RGQ9 AT&T INC. 4.3% 02/15	97,566	95,756
05526DBN4B.A.T. CAPITAL CORPOR	92,723	89,881
05964HAM7 BANCO SANTANDER SA 2	207,310	204,284
11135FBA8 BROADCOM INC. 4.75%	108,019	108,229
808513BV6 CHARLES SCHWAB CORP	99,949	106,585
89352HAMTRANS-CANADA PIPELINES	117,451	116,375
91282CBL4U.S. TREASURY NOTE 1.	138,837	140,882
912828ZQ6U.S. TREASURY NOTE 0.	243,421	229,315
91282CAE1U.S. TREASURY NOTE 0.	439,274	438,787
912828UN8 U.S. TREASURY NOTE 2	294,246	305,181
912828YS3 U.S. TREASURY NOTE 1	252,249	256,495
912828Z94 U.S. TREASURY NOTE 1	340,615	332,023
91282CAV3U.S. TREASURY NOTE 0.	294,699	290,299
037833EB2 APPLE INC. 0.7% 02/0	94,786	93,110
912828J27 U.S. TREASURY NOTE 2	246,074	257,578

- TIN:

TY 2021 InvestmentsCorpStockSchedule

Name:

WENDY P MCCAW FOUNDATION THE GOLDMAN SACHS

EIN:

77-0469217

Name of Stock	End of Year Book Value	End of Year Fair Market Value
256206103 DODGE & COX INTERNAT	2,055,369	2,182,270
00770G847 JOHCM INTERNATIONAL	1,572,082	2,050,595
857492417 STATE STREET HEDGED	1,259,698	1,529,606
74144Q203 T. ROWE PRICE FUNDS
005098108 ACUSHNET HOLDINGS CO
00724F101 ADOBE INC CMN	31,103	219,452
02079K305 ALPHABET INC. CMN C	188,978	834,348
025816109 AMERICAN EXPRESS CO.	248,129	347,650
03027X100 AMERICAN TOWER CORPO	273,839	328,185
030420103 AMERICAN WATER WORKS	154,529	297,455
037833100 APPLE INC. CMN	189,028	865,476
G6095L109 APTIV PLC CMN	101,246	273,487
046353108 ASTRAZENECA PLC SPON
05478C105 AZEK COMPANY INC. (T	80,659	101,959
058498106 BALL CORPORATION CMN	241,102	325,008
073685109 BEACON ROOFING SUPPL	19,218	35,729
09247X101 BLACKROCK, INC. CMN	180,334	297,557
09739C102 BOINGO WIRELESS, INC
114340102 BROOKS AUTOMATION, I
130788102 CALIFORNIA WATER SER	21,866	33,056
G1890L107 CAPRI HOLDINGS LIMIT
124805102 CBIZ, INC. CMN	16,477	45,770
15118V207 CELSIUS HOLDINGS, IN
154760409 CENTRAL PACIFIC FINA	20,769	25,297
156727109 CERENCE, INC. CMN
163072101 CHEESECAKE FACTORY I
12545M207 CHR. HANSEN HOLDING
17275R102 CISCO SYSTEMS, INC.	215,919	381,551
12572Q105 CME GROUP INC. CMN C
197236102 COLUMBIA BANKING SYS
20030N101 COMCAST CORPORATION
225447101 CREE, INC. CMN
126650100 CVS HEALTH CORP CMN	221,272	350,744
235851102 DANAHER CORPORATION	115,062	377,374
244199105 DEERE & COMPANY CMN	94,694	180,703
249906108 DESCARTES SYSTEMS GR	8,804	49,112
G29183103 EATON CORP PLC CMN	168,903	301,398
278865100 ECOLAB INC. CMN	209,677	300,275
292562105 ENCORE WIRE CORP CMN
29444U700 EQUINIX, INC. REIT
29977A105 EVERCORE INC CMN CLA	19,584	47,140
33616C100 FIRST REPUBLIC BANK
369604103 GENERAL ELECTRIC CO	277,153	328,945
38267D109 GOOSEHEAD INSURANCE,	22,890	45,788
404030108 H&E EQUIPMENT SERVIC	30,763	58,171
427096508 HERCULES CAPITAL INC
43283X105 HILTON GRAND VACATIO	22,940	58,520
443320106 HUB GROUP, INC. CMN
444859102 HUMANA INC. CMN	221,860	280,635
458334109 INTER PARFUMS, INC.	20,916	60,826
46625H100 JPMORGAN CHASE & CO	198,504	441,797
497266106 KIRBY CORPORATION CM
49926D109 KNOWLES CORPORATION
50077B207 KRATOS DEFENSE & SEC	17,910	33,077
535919401 LIONS GATE ENTERTAIN	23,257	39,836
53814L108 LIVENT CORPORATION C	22,493	45,908
538146101 LIVEPERSON, INC. CMN	29,701	39,971
548661107 LOWES COMPANIES INC
566324109 MARCUS & MILLICHAP,
573075108 MARTEN TRANSPORT LTD	14,428	26,169
G5876H105 MARVELL TECHNOLOGY G	79,287	364,921
576690101 MATERION CORPORATION	21,660	36,500
580135101 MC DONALDS CORP CMN	189,869	292,464
584021109 MEDALLIA, INC. CMN
59151K108 METHANEX CORPORATION	20,164	38,284
594918104 MICROSOFT CORPORATIO	152,729	1,014,341
609720107 MONMOUTH REAL ESTATE
633707104 NATIONAL BANK HOLDIN	24,127	29,484
65339F101 NEXTERA ENERGY, INC.	152,627	402,942
654106103 NIKE CLASS-B CMN CLA	100,021	313,173
67066G104 NVIDIA CORPORATION C	76,805	346,756
680665205 OLIN CORPORATION CMN	24,501	78,687
698813102 PAPA JOHN'S INTERNAT
742718109 PROCTER & GAMBLE COM	297,284	476,181
76131N101 RETAIL OPPORTUNITY I	21,113	34,293
773903109 ROCKWELL AUTOMATION	122,702	277,336
778296103 ROSS STORES,INC CMN
78709Y105 SAIA INC CMN CLASS	11,457	54,262
G81276100 SIGNET JEWELERS LIMI	27,225	75,890
82982L103 SITEONE LANDSCAPE SU	2,989	20,594
830879102 SKYWEST, INC. CMN	24,673	22,205
85209W109 SPROUT SOCIAL, INC.	24,441	42,534
88146M101 TERRENO REALTY CORPO	12,559	34,937
88160R101 TESLA, INC. CMN
882508104 TEXAS INSTRUMENTS IN	140,031	262,727
89055F103 TOPBUILD CORP. CMN
89854H102 TTEC HOLDINGS, INC.	20,335	43,102
90337L108 U.S. PHYSICAL THERAP
907818108 UNION PACIFIC CORP.	244,550	410,142
92343V104 VERIZON COMMUNICATIO
925815102 VICOR CORPORATION CM	21,063	53,078
92826C839 VISA INC. CMN CLASS	72,390	196,123
92839U206 VISTEON CORPORATION	41,822	55,681
254687106 WALT DISNEY COMPANY	245,497	318,764
98262P101 WEIGHT WATCHERS INTE	20,179	13,243
98138H101 WORKDAY, INC. CMN CL	213,867	276,731
38150B855 GS EMERGING MARKETS	1,110,423	1,108,929
00827B106 AFFIRM HOLDINGS, INC	192,779	134,147
00206R102 AT&T INC. CMN	338,694	290,059
236272100 DANIMER SCIENTIFIC I	79,562	16,767
29786A106 ETSY, INC. CMN	238,254	267,764
579780206 MCCORMICK & CO NON V	230,048	251,089
617446448 MORGAN STANLEY CMN	243,218	326,578
650111107 NEW YORK TIMES CO.A	202,017	217,495
977852102 WOLFSPEED, INC. CMN	206,302	242,653
9EQ55DXP8 LINDE PLC CMN (LIN)	224,630	308,323
00847J105 AGILYSYS, INC. CMN	31,137	29,833
011311107 ALAMO GROUP INC. CMN	18,870	18,545
039653100 ARCOSA INC CMN	23,723	21,554
077454106 BELDEN INC CMN	37,305	42,790
168905107 CHILDREN'S PLACE INC	16,065	23,866
267475101 DYCOM INDUSTRIES INC	23,360	23,252
343412102 FLUOR CORPORATION CM	39,790	42,555
39304D102 GREEN DOT CORPORATIO	35,046	27,071
39813G109 GRID DYNAMICS HOLDIN	45,616	73,168
405217100 HAIN CELESTIAL GROUP	12,890	12,953
423452101 HELMERICH & PAYNE IN	32,749	24,316
426927109 HERITAGE COMMERCE CO	17,603	18,364
58502B106 MEDNAX INC CMN	18,572	17,986
615111101 MONTROSE ENVIRONMENT	36,743	49,498
698884103 PAR TECHNOLOGY CORPO	40,840	31,082
75321W103 RANPAK HOLDINGS CORP	33,670	48,591
92858V101 VIZIO HOLDING CORP C	28,072	20,907
024013104 AMERICAN ASSETS TRUS	17,690	18,878
G9087Q102 TRONOX HOLDINGS PLC	17,998	20,714
91336L107 UNIVAR SOLUTIONS INC	27,735	28,889
23291C103 DMC GLOBAL INC. CMN

- TIN:

TY 2021 OtherDecreasesSchedule

Name:

WENDY P MCCAW FOUNDATION THE GOLDMAN SACHS

EIN:

77-0469217

Description	Amount
COST BASIS ADJUSTMENT	41,806

- TIN:

TY 2021 OtherExpensesSchedule

Name:

WENDY P MCCAW FOUNDATION THE GOLDMAN SACHS

EIN:

77-0469217

Description	Revenue and Expenses per Books	Disbursements for Charitable Purposes
CALIFORNIA FILING FEES	250	250
MISC. CHARITABLE EXPENSES	1,359	1,359
OFFICE SUPPLIES	117	117
DUES & SUBSCRIPTIONS	424	424

- TIN:

TY 2021 OtherIncomeSchedule2

Name:

WENDY P MCCAW FOUNDATION THE GOLDMAN SACHS

EIN:

77-0469217

Description	Revenue And Expenses Per Books	Net Investment Income	Adjusted Net Income
TAX REFUND	31,274	0
DEFERRED INCOME	-1,728	0

- TIN:

TY 2021 OtherLiabilitiesSchedule

Name:

WENDY P MCCAW FOUNDATION THE GOLDMAN SACHS

EIN:

77-0469217

Description	Beginning of Year - Book Value	End of Year - Book Value
ACCRUED CONTRIBUTIONS	525,000

- TIN:

TY 2021 OtherProfessionalFeesSchedule

Name:

WENDY P MCCAW FOUNDATION THE GOLDMAN SACHS

EIN:

77-0469217

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
INVESTMENT MANAGEMENT FEES	241,918	241,918
CHARITABLE ADVISORY FEES	114,321			114,321

- TIN:

TY 2021 TaxesSchedule

Name:

WENDY P MCCAW FOUNDATION THE GOLDMAN SACHS

EIN:

77-0469217

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
FOREIGN TAXES ON QUALIFIED FOR	1,744	1,744		0
FEDERAL TAX PAYMENT - PRIOR YE	20,000	0		0